MDA Space stock rises as Blue Canyon deal targets U.S. defense market
MDA Space shares rose in Toronto on Friday after the Canadian satellite and robotics company agreed to buy Blue Canyon Technologies from RTX’s Raytheon business for US$620 million in cash, a deal investors treated as a bet on U.S. defense-space demand. The TSX-listed stock was up 4.4% at C$58.08 in delayed afternoon trading.
